1205,1225, & 1227 MANHATTAN BLVD. - LoopNet · 1205,1225, & 1227 MANHATTAN BLVD. TOLEDO, OH 43608 INVESTMENT PROPERTY FOR SALE 29,000 Square Feet Available ROBERT P. MACK, CCIM, SIOR

1205,1225, & 1227 MANHATTAN BLVD.TOLEDO, OH 43608

INVESTMENT PROPERTY FOR SALE29,000 Square Feet Available

ROBERT P. MACK, CCIM, SIOR(419) 249 6301 or (419) 466 [email protected]

MEGAN MALCZEWSKI, CCIM(419) 249 6314 or (419) 215 [email protected]

SIGNATURE ASSOCIATESFour SeaGate, Suite 608

Toledo, Ohio 43604www.signatureassociates.com

Information is subject to verification and no liability for errors or omissions is assumed. Price is subject to change and listing withdrawal.

For more information, please contact:

FULL-SERVICE COMMERCIAL REAL ESTATE

GENERAL INFORMATIONPrice: $1,275,000

Building Size: 29,000 SF (16,500 SF/12,500 SF)

Number of Stories: 1

Year Constructed: 1956

Condition: Good

Lot Dimensions: 393’ x Irregular

Acreage: 3.76

Closest Cross Street: Located between Stickney Avenue and I-280

County: Lucas

Zoning: IG – General Industrial

Parking: 23 striped spaces

Curb Cuts: 2

Street: 2 lane, 2 way

1205,1225, & 1227 Manhattan Blvd, Toledo, OH 43608Investment Property For Sale

29,000 Square FeetAVAILABLE







2018 REAL ESTATE TAXES

AddressParcel

Number Acreage Annual Taxes

Land Tax Valuation

Building Tax Valuation

Total Valuation

1205 E. Manhattan Blvd. 04-63502 1.8076 $1,409.91 $23,600.00 $0.00 $23,600.00

1227 E. Manhattan Blvd. 04-63507 1.9527 $11,808.95 $25,100.00 $306,700.00 $331,800.00

Total: 3.76 $13,218.86 $48,700 $306,700 $355,400.00

BUILDING INFORMATION

Current Tenant(s):Behler Young, BMWC Contractors Inc., Perfect Sweep

Sign on Property: No

Key Available: No

BUILDING SPECIFICATIONS

Office Space: Approximately 10%

Shop Space: Approximately 90%

Exterior Walls: Brick & block

Structural System: Steel bar joist

Roof: Flat rubber

Floors: Concrete

Floor Coverings: Tile, carpet in offices

Ceiling Height: 14’ clear height

Basement: No

Heating:Office – GFA Warehouse – Co ray vac, suspended unit heaters

Air Conditioning: Office only

Power: 480 V, 3 phase, 200 amp

Security System: Yes - Alarm

Restrooms: Men’s & Women’s per suite

Overhead Door: 1 – 10’ x 10’

Truck Well/Dock: 2 – 8’ x 8’

Sprinklers: No

Cranes: No

Floor Drains: Yes

Signage: Fascia – on building of each unit

Comments:

Stabilized area of Toledo. Fenced yard 10% cap rate NOI (3 tenants) is approximately $122,000.

Upon receipt of an acceptable letter of intent, ownerswill release leases and income/expense statementsfor review.

Tenant information:

Behler Young (behler-young.com) has been atenant in the property for 20+ years and just signeda new 5 year extension.

BMWC Contractors, Inc. (bmwc.com) is within theirfirst 5 year term.

Perfect Sweep (perfectsweep.com) leases a portionof the yard.


29,000Square FeetAVAILABLE







1225 Manhattan – Behler Young

Additional parkingExternal platform dock

West side dock platform Western side

Side entrance









1225 Manhattan – Behler Young

Warehouse restroom and utility sink

WarehouseWarehouse

ShowroomShowroom

Drive in door









1227 Manhattan – BMWC

Office

Open front office

Breakroom

Conference Room

Office









1227 Manhattan – BMWC

Drive in door Extra lot

TruckwellDock doors

WarehouseWarehouse









Tax Map

UTILITIES

Electric: First Energy

Gas: Columbia Gas

Water: City of Toledo

Sanitary Sewer: City of Toledo

Storm Sewer: City of Toledo









Aerial Maps

Documents

1205,1225, & 1227 MANHATTAN BLVD. - LoopNet · 1205,1225, & 1227 MANHATTAN BLVD. TOLEDO, OH 43608 INVESTMENT PROPERTY FOR SALE 29,000 Square Feet Available ROBERT P. MACK, CCIM, SIOR